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US: S&P Global PMI recovers strongly in September, beating expectations

  • Preliminary Integrated PMI for September stands at 49.3 vs. 44.7 expected.
  • Manufacturing PMI advances to 51.8 from 51.5.
  • Services PMI rises from 43.7 to 49.2, beating expectation of 45.

The Preliminary September report from US PMI. showed numbers above expectations, especially the service sector indicator. The service sector index went from 43.7 in August to 49.2 in September, higher than the market consensus of 45.0

The manufacturing index it came in at 51.8, more than the expected 51.1. For its part, the integrated index went from 44.6 to 49.3, well above the consensus 44.7.

Earlier on Friday, European PMI data was released and was mostly disappointing. The economic figures contributed to the negative climate that is registered in the markets.

The dollar in this context it was rising significantly and after the US PMI it remained in the high zone.

Source: Fx Street

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